Insider, the digital media company, announced layoffs affecting 10 percent of its staff in April 2023, a move driven by challenging economic conditions and a significant decline in advertising revenue. The decision, communicated by company leadership, reflects broader struggles in the media industry as it adapts to an erratic economy. While the exact number of employees impacted wasn't specified, the cuts were part of an effort to keep the company healthy and competitive. Affected U.S.-based employees received severance packages, and the company noted that its international teams were not affected by this round of layoffs.
